auditing standards (GAAS) and list the standards of each category, accounting homework help
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As an auditor, the following situations have caused you to become concerned regarding an upcoming external audit:
Generally accepted auditing standards (GAAS) includes three separate areas or standards which are required to be followed. Each major subcategory is then broken down into ten separate rules. There is some concern that some of the situations mentioned above could potentially be in violation of the GAAS standards. As such, the GAAS standards must be compared to the audit program to detect any potential violations Complete the following:
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The students are graded on the quality and originality of their posts and responses, not the quantity.
Students should identify the 3 categories of the generally accepted auditing standards (GAAS) and list the standards that are included in each category. Students should identify which standard is being violated by each situation mentioned above and determine what corrective action should be instituted.
Standards of Fieldwork
Standards of Reporting
Again, students should also include the corrective actions that they deem appropriate for each situation or violation.